A project to build 65MW of solar power generation in Uruguay has successfully reached financial close.
China-based PVEP, Hareon Solar Technology Co has entered into a framework agreement with officials of Xingtai City, Hebei province, China to develop 600MW of distributed generation (DG) rooftop projects at a cost of 6 billion yuan (US$968.9 million).
SolarCity has confirmed details of a new US$201.5 million financing round secured against the revenues from a pool of smaller PV systems.
French battery manufacturer, Saft, has been awarded a contract to supply a lithium-ion battery system for use in a 12MW solar plant being built in Hawaii.
Japanese thin-film manufacturer and project developer Solar Frontier is to build a 13MW PV plant close to the historic town of Hiraizumi.
Japanese electronics materials firm, Shin-Etsu Chemical, is offering to license its production-ready bifacial monocrystalline solar cell technology that is claimed to have the highest conversion efficiency of 21% for conventional screen-printing processes.
PV energy provider, SunEdison, has acquired a 156MW solar power plant in the US state of Colorado.
NV Energy, Xcel, PG&E, Sempra and Edison International have topped a new index ranking US investor-owned utilities on their deployment of clean energy.
PV technology start-up, Solar3D, has reported second quarter revenue of US$7.5 million due to continued growth in small-scale PV installations of its subsidiary Solar United Network (SUNworks), acquired at the beginning of the year.
SunPower veteran Bruce Ledesma has joined crowdsourcing firm Mosaic as chief operating officer.
Solar Frontier KK (Tokyo,Japan) and the town of Hiraizumi have agreed to build a 13 MW CIS utility-scale solar photovoltaic (PV) power plant. Through this PV project, Solar Frontier and Hiraizumi are promoting the development of renewable energy in support of historical sites and urban development.
Hiraizumi, located in Iwate Prefecture in north-eastern Japan, achieved UNESCO world heritage status in June 2011 for its historical temples, gardens and archaeological sites. The new PV plant will be located in Kagonezawa District of Hiraizumi on 35.8 hectares of land designated for commercial use.
CBD Energy Limited (Sydney, Australia) on July 24th, 2014 announced that its Westinghouse Solar subsidiary has finalized binding contracts for commercial solar photovoltaic (PV) installations in Australia totaling AUD 1.3 million. Additionally its bid pipeline has grown to AUD 14.5 million, the company emphasizes.
This reflects the increasing price of energy in the Australian market which makes the Westinghouse Solar’s range of products and services competitive with fossil fuel generation, reads the press release.
PV manufacturers are now anticipating the preliminary verdict on US-China solar photovoltaic (PV) product dumping announcement by the end of July.
Prices within the PV supply chain continue to drop due to low season and weak demand in China and Japan, TrendForce's (Taipei, Taiwan) EnergyTrend division reports. Among all, Taiwan’s solar cell prices have declined significantly.
In Q2 2014, REC Solar ASA (Sandvika, Norway), a leading global provider of solar energy system solutions and solar photovoltaic (PV) Modules, increased revenues to USD 175.8 million, up 0.2% from USD 175.4 million in Q1 2014. A reduction in PV module business revenue was offset by an increase in System business revenue, the company announces.
"REC's second quarter of 2014 was characterized by high sales volumes in Europe, softer market conditions in Japan and sales pipeline building up in the US market,” comments Martin Cooper, CEO of REC Solar ASA.
SunEdison, Inc. (St. Peters, Missouri, U.S.), on July 24th, 2014 announced its acquisition of the 156 megawatt (MW) Comanche Solar photovoltaic (PV) project from renewable energy developer Community Energy (Radnor, PA)
SunEdison is partnering with Community Energy to complete the final development stage of the PV project by structuring the financing and providing procurement expertise for the project, following which SunEdison will manage the construction, operation, and maintenance of the solar photovoltaic power plant.
The meeco Group (Zug, Switzerland) is continuing to develop and enhance its solar photovoltaic (PV) market position in Pakistan.
After an agreement on a strategic partnership in Research & Development with the Lahore University of Management Sciences (LUMS), the meeco Group company oursun Solar Power Limited concluded a “sun2roof” Power Purchase Agreement (PPA) up to 350 kWp with the Shalamar Hospital in Lahore.
German solar PV enterprise Phaesun (Memmingen) has safeguarded the solar power supply of two Cuban mountain villages together with the non-profit association Karen e.V. The installation of more than 50 individual solar photovoltaic (PV) systems was completed in July 2014.
Increased focus on curbing the emissions of greenhouse gases and other pollutants is fuelling the global solar power market. Coupled with favourable legislation and the need to enhance energy self-sufficiency and security, these factors will help the solar power market to grow rapidly.
While sale volumes are primarily concentrated in Asia-Pacific, there is a definite upward growth trend across other markets too, according to new analysis from Frost & Sullivan (Mountain View, California, U.S.).
From July 22nd, 2014 onward SolarWorld’s three solar photovoltaic (PV) manufacturing subsidiaries in Freiberg (Germany) will perform as one. Deutsche Solar GmbH (wafer manufacturing), Deutsche Cell GmbH (solar cell manufacturing) and Solar Factory GmbH (PV module manufacturing) will merge to become SolarWorld Industries Sachsen GmbH.
Enel Green Power SpA (Rome, Italy) will buy out the interests (each equal to one-third of the share capital) of Sharp Corporation (Osaka, Japan) and STMicroelectronics in 3Sun Srl, the equal joint venture between Enel Green Power, Sharp and STMicroelectronics.